The following transactions are July activities of Craig's Bowling, Inc., which operate several centers (for game and equipment sales).
A. Bennett’s provided to customers bowling merchandise inventory costing Bennett’s $5,790. [Consider only the effect on cost of goods sold [expense] here. Do not consider sales revenue for this question.]
B. Bennett’s paid $3,600 on the electricity bill for June (recorded as an expense in June).
C. Bennett’s paid $3,400 to employees for work in July.
D. Bennett’s purchased $2,400 in insurance for coverage from August 1 to November 1.
E. Bennett’s paid $1,500 to plumbers for repairing a broken pipe in the restrooms.
F. Bennett’s received the July electricity bill for $3,500 to be paid in August.
If expense is not recognized in July, choose none for the account and enter $0 for the amount. If expense is to be recognized in July, indicate the revenue account title and amount.